First-time buyers are borrowing up to 5% more and being offered larger loans, but they are struggling to keep pace with house price rises.
Read MoreFirst-time buyers borrowing more but cannot keep pace with house price increases
Tag: mortgage borrowing
First-time buyers typically borrowing for 31 years
First-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch.
Read MoreRelaxed mortgage rules will boost first-time buyers but send house prices up, says report
Easing stringent mortgage stress testing rules could cause house prices and first-time buyer numbers to rise, according to research.
Read MoreHigh street banks are keen to hand mortgage borrowers £35,000 MORE: Here’s why
Banks are now allowing home buyers to borrow tens of thousands more when shopping for a mortgage.
Since March, multiple high street lenders have loosened their mortgage rules, allowing people to borrow more when buying a home.
Read MoreRetirees continually turned away by high street lenders, Family BS reveals
Older borrowers with secure incomes are being refused the mortgages they want and can afford by the big six lenders, according to a mystery shopper survey conducted on behalf of the Family Building Society.
Read MoreMortgages under 4% are back but dangers lurk for borrowers
All major UK lenders are now offering fixed mortgage deals with an interest rate of less than 4%, but brokers say further cuts are not guaranteed.
Read MoreUK mortgages: warning over big fees as homebuying season arrives
UK mortgages: warning over big fees as homebuying season arrives
The sums lenders charge to secure the best rates have risen in the past five years – and can make a loan much more expensive
Barclays and HSBC cut mortgage rates: Advice for borrowers
More high street lenders have cut mortgage rates this week as data showed average fixed-rate prices have fallen by their biggest margins nearly six months.
Read MoreHow buying a new car could mean getting a smaller mortgage
A finance agreement on a new car could wipe £18,000 off your borrowing power
Read MoreFirst-time buyers face being priced out by LISA limits – warning
First-time buyers could be priced out of using the Lifetime ISA (LISA) tax-free savings product to buy a home in 62 regions by 2029, research suggests.
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